VanEck’s head of research, Matthew Sigel, has confirmed that the firm’s application for a spot Solana ETF is heavily influenced by the outcome of the 2024 presidential election and the role of Gary Gensler as SEC chairman.
VanEck’s head of research, Matthew Sigel, has confirmed that the firm’s application for a spot Solana ETF is heavily influenced by the outcome of the 2024 presidential election and the role of Gary Gensler as SEC chairman.
Sigel suggests that the approval odds for the Solana ETF would improve if Gensler is no longer at the SEC, particularly with a Trump victory.
Despite the challenges posed by the lack of a regulated futures market for Solana, Sigel remains optimistic about potential changes in SEC leadership.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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- Source: https://thedefiant.io/news/tradfi-and-fintech/vaneck-s-spot-solana-etf-approval-hinges-on-2024-election-trump
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